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BUSINESS

Samsung to split over Note 7 fiasco

By  •  BUSINESS

Samsung Electronics has confirmed it is considering dividing the company into two separate firms.

The company has been under pressure from some investors to break itself into a holding …
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Nigerians to show evidence of tax payment and pay VAT to obtain passport

By  •  BUSINESS

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler on Monday said Nigerians will soon pay Value Added Tax (VAT) and show evidence of being tax payers …
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Kaduna refinery set for upgrade, expansion – NNPC

By  •  BUSINESS

The Group Managing Director of NNPC, Dr Maikanti Baru, has reiterated the commitment of the corporation to upgrade and expand Kaduna Refining and Petrochemical Company Limited (KRPC).

Baru made the …
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14 ships discharging petrol, food, others – NPA

By  •  BUSINESS

Fourteen ships are currently discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA) said on Friday.

The document indicated that five …
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ALLOCATION: FG, States, LGs share N420bn for October

By  •  BUSINESS

The Minister of Finance, Mrs Kemi Adeosun, on Wednesday in Abuja said N420 billion was shared in October among the Federal, States and Local Governments.

Adeosun told newsmen that …
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Guinness opens N4.8bn Spirit production line in Benin

By  •  BUSINESS

As part of efforts to fulfil his campaign promise of creating 200,000 jobs in four years, Governor Godwin Obaseki of Edo State, has promised that his administration would partner Guinness …
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Naira records slight appreciation against dollar

By  •  BUSINESS

The Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2, the News Agency of Nigeria reports.

The currency exchanged at N468 to the …
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Army commended for patronising Made-in-Nigeria boots

By  •  BUSINESS

Report that the Nigerian Army has placed order for 50,000 boots from Aba shoe manufacturers has generated commendation for the patronage of Made-in-Nigeria products.

The Army reportedly asked Aba shoemakers …
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FG loses N2trn to militants, vandals in 2016

By  •  BUSINESS

The Nigerian National Petroleum Corporation (NNPC) said from January 2016 till date, government lost 7 billion dollars (N2.1 trillion) to the activities of militancy groups and oil pipeline vandals in …
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Oil remains critical to the Nigerian economy of today and the future – Buhari

By  •  BUSINESS

The President of the Federal Republic of Nigeria, Muhammadu Buhari has stated that the practical way out of the economic challenge being experienced in the country lies in monies made …
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